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Due to the coronavirus pandemic, HMRC will agree that employees working from home, as a result of business premises being closed, will become eligible to claim a homeworking allowance tax free.

The HMRC have officially opened their job retention scheme today. In advance of the opening, the Government announced some important changes:

To claim, you will need: your ePAYE reference number, the number of employees being furloughed, the claim period, amount claimed, bank details and more…

Michael Chadwick, founding Director at Chadwick & Company, gives details about a business rates holiday now available to companies.

The Government have announced measures to support the estimated 5 million self employed people in the UK. This covers all sole traders and partnerships.

Here is a brief outline of two Government measures for VAT and Income Tax deferral, as they stand currently, to help small businesses in the wake of the lock-down and a decrease in their operations.

The Association of Chartered Certified Accountants (ACCA) have produced a helpful document which includes further details about the Government’s Job Retention Scheme.

In response to the Covid-19 outbreak, the Government has announced that companies have an additional three months to file their accounts at Companies House.

Here is a summary of Government support for small businesses, including financial measures and concessions to assist in keeping small businesses afloat.